Latest news with #GhadyRayess
Fintech News ME
23-05-2025
- Business
- Fintech News ME
UAE's areeba and FOO Unveil All-in-One Card Issuance Solution for Financial Institutions
areeba, a UAE-based provider of payment infrastructure, has entered into a partnership with FOO, a fintech solutions company headquartered in Dubai, to offer a comprehensive, integrated Card-as-a-Service (CaaS) programme aimed at banks and financial technology firms. The bundled service is designed to help institutions develop and scale secure card programmes and digital wallets without the need for building complex infrastructure. It combines areeba's modern card issuance platform with FOO's digital banking capabilities, offering features such as secure digital onboarding, electronic know-your-customer (e-KYC) processes, and tokenisation support for Apple Pay and Google Pay. According to the companies, the solution allows financial institutions to manage both physical and digital card issuance under a single platform. This unified approach is intended to reduce traditional barriers to entry and speed up the time it takes to bring new card products to market. The programme targets institutions looking to launch compliant, modern card products that are adaptable and prioritise customer accessibility. Maher Mikati, Chief Executive Officer of areeba, commented: 'By integrating our card issuance infrastructure with FOO's onboarding and tokenisation services, we're giving institutions the tools to launch innovative card programmes quickly and securely.' He added, 'This partnership reflects our commitment to simplifying how institutions enter and grow within the digital payments space.' Ghady Rayess, Chief Executive Officer of FOO, said: 'As demand grows for digital-first issuance, our collaboration with areeba delivers a complete CaaS solution that streamlines complexity and enables institutions to scale efficiently.' Rayess also noted: 'This partnership reflects our shared vision of simplifying how digital financial products are built and delivered without compromising on performance, compliance, or customer experience.'
Web Release
22-05-2025
- Business
- Web Release
areeba & Foo Announce Strategic Partnership to deliver advanced digital payment services for the Middle East
areeba, a global leader in payment infrastructure, has partnered with Foo, a pioneering provider of digital banking and fintech solutions, to introduce a fully integrated – program for digital services. This bundled offering enables banks and fintechs to build their own secure and scalable card programs and wallets without the need for complex infrastructure. This partnership brings together areeba's modern card issuance platform and Foo's digital capabilities into a seamless solution, combining secure digital onboarding, e-KYC, and tokenization for Apple Pay and Google Pay. By unifying physical and digital issuance tools, the partnership removes traditional barriers and accelerates go-to-market timelines. The program is designed for financial institutions looking to launch modern, compliant, and top-of-wallet card products with speed and flexibility. Maher Mikati, CEO of areeba, commented: 'By integrating our card issuance infrastructure with Foo's onboarding and tokenization services, we're giving institutions the tools to launch innovative card programs quickly and securely. This partnership reflects our commitment to simplifying how institutions enter and grow within the digital payments space.' 'As demand grows for digital first issuance, our collaboration with areeba delivers a complete CaaS solution that streamlines complexity and enables institutions to scale efficiently,' said Ghady Rayess, CEO of Foo. 'This partnership reflects our shared vision of simplifying how digital financial products are built and delivered without compromising on performance, compliance, or customer experience.' The partnership reflects areeba and Foo's shared commitment to building adaptable, secure, and future ready infrastructure that supports the evolving needs of financial institutions in the Middle East & Arab Region.
